KIKLABB has become the first state-owned entity in the United Arab Emirates to accept cryptocurrency payments.
According to a report by Arab News on Tuesday, clients of Dubai government-owned licensing firm KIKLABB can now pay for visa fees and trade licenses via cryptocurrencies.
The supported crypto payment options are Bitcoin (BTC), Ether (ETH) and Tether (USDT).
Commenting on the move, KIKLABB CEO Tasawar Ulhaq said that the decision was in line with the growing appeal of crypto payment in the fintech arena, adding:
“It really was just a matter of time before we recognized Bitcoin, Ethereum, and Tether.